IBBI mandates a standard valuation-report format and a new Coordinating Valuer role under the insolvency code
Registered valuers, coordinating valuers and insolvency professionals must prepare IBC valuation reports in the prescribed format and documentation standard, with a new coordinating valuer integrating asset-class values into a single corporate-debtor fair value
Change
On 15 June 2026 the Insolvency and Bankruptcy Board of India specified mandatory Guidelines for Conducting Valuation under the IBC, prescribing minimum valuation-report content, documentation standards and asset-specific report formats, and introducing a Coordinating Valuer role that integrates asset-class valuations into a single holistic fair value of the corporate debtor; the guidelines apply to all valuations conducted from the date of issue.
Why it matters
IBBI Circular IBBI/RV/103/2026 specifies Guidelines for Conducting Valuation under the IBC, implementing amended CIRP, Liquidation, Voluntary Liquidation, Pre-packaged and Personal Guarantor regulations. Part I sets documentation requirements, a 23-item minimum valuation-report content set, key parameters for valuing receivables, and registered valuers' duties towards a coordinating valuer. Part II prescribes asset-specific report formats for Land & Building, Plant & Machinery, and Securities or Financial Assets. Part III introduces the Coordinating Valuer, designated by the insolvency professional in consultation with the Committee of Creditors, who integrates the asset-class reports into a single Fair Value of the Corporate Debtor — assessing synergies and intangible assets rather than aggregating asset values — and prepares a Coordinating Valuation Report. The guidelines take effect on the date of issue and apply to all valuations conducted thereafter.
Implications
- — Registered valuers must prepare each insolvency valuation report and maintain working papers using the prescribed minimum content (purpose and scope, VRIN, bases and premises of value, approaches and methods, sources, assumptions, discounts and premiums, and annexures) and the asset-specific format for the relevant class (Land & Building, Plant & Machinery, or Securities or Financial Assets), and must document how valuation risk was identified, assessed and managed.
- — A coordinating valuer, where designated, must integrate the asset-class valuation reports into a single Fair Value of the Corporate Debtor — assessing business synergies and intangible assets rather than aggregating asset values, documenting any synergistic adjustment, and preparing a Coordinating Valuation Report with the specified minimum contents.
- — Insolvency professionals must designate and engage a coordinating valuer in writing, in consultation with the Committee of Creditors and sufficiently early in the process, specifying scope, deliverables, timelines and access to information so the integrated fair-value determination can be completed as the regulations require.
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